GST Council okays uniform 12% GST on milk cans, cartons, water sprinklers
The council also recommended a uniform GST rate of 12 per cent on all carton boxes and cases of both corrugated and non-corrugated paper or paper board.
The GST Council meeting held on Saturday recommended a uniform GST rate of 12 per cent on all milk cans whether they be made of steel, iron, or aluminum, Finance Minister Nirmala Sitharaman said.
Milk cans will be governed by a standard measurement and not by the material they are made of, in order to avoid ambiguity, the Finance Minister said.
They are called milk cans but wherever they are used, that will be the rate applicable so that no disputes arise out of it, she added.
The council also recommended a uniform GST rate of 12 per cent on all carton boxes and cases of both corrugated and non-corrugated paper or paper board.
This will in particular help the apple growers of Himachal Pradesh and Jammu & Kashmir.
A uniform 12 per cent GST has also been recommended on all types of water sprinklers including fire water sprinklers, she added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
08:09 PM IST